Union Budget 2022-23: Covid-hit microfinance industry seeks higher credit guarantee scheme
India Today
In the budget representation to the ministry, the self regulatory body (SRO) of MFIs stated the sector has been facing a few challenges in terms of higher credit costs and access to low-cost long term funds.
The Covid-19 hit microfinance sector has urged Finance Minister Nirmala Sitharaman to increase the limit of credit guarantee scheme in the upcoming budget for 2022-23.
In the budget representation to the ministry, the self regulatory body (SRO) of MFIs stated the sector has been facing a few challenges in terms of higher credit costs and access to low-cost long term funds.
More Related News